Bitcoiner drops BitVM paper — bringing Ethereum-like contracts to Bitcoin

📆 10/9/2023 6:46 PM
📰 Cointelegraph

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Bitcoin developer Robin Linus of ZeroSync has unveiled “BitVM,” which proposes to bring Ethereum-like contracts to life on Bitcoin. Its architecture is based on fraud proofs and its implementation doesn’t require a hard fork.

The author of the white paper, Robin Linus, based BitVM’s architecture on Ethereum’s optimistic rollups with fraud proofs and recent Merkle tree developments.“BitVM: Compute Anything on Bitcoin” by ZeroSync’s project lead Robin Linus, BitVM enables Turing-complete Bitcoin contracts without altering Bitcoin’s consensus rules.

“Potential applications include games like Chess, Go, or Poker, and particularly, verification of validity proofs in Bitcoin contracts.” Linus said a limitation of the model is that it is limited to a two-party setting with a prover and a verifier and that a significant amount of off-chain computation and communication is needed to execute programs.

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